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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: October 4, 2011 <br />Action Agenda <br />Item No. rj~,~ <br />SUBJECT: Applications for Property Tax Exemption/Exclusion <br />DEPARTMENT: Tax Administration PUBLIC HEARING: (Y/N) No <br />ATTACHMENT(S): INFORMATION CONTACT: <br />Exempt Status Resolution Jenkins S. Crayton, 245-2735 <br />Spreadsheet <br />Requests for Exemption/Exclusion <br />PURPOSE: To consider three (3) untimely applications for exemption/exclusion from ad <br />valorem taxation for the 2011 tax year. <br />BACKGROUND: North Carolina General Statutes (NCGS) require applications for exemption <br />to be filed during the normal listing period, which is during the month of January. Exclusion for <br />Elderly/Disabled, Circuit Breaker and Disabled American Veterans should be filed by June 1St of <br />the tax year being applied. NCGS 105-282.1(a)(5) does allow some discretion. Upon a showing <br />of good cause by the applicant for failure to make a timely application, an application for <br />exemption or exclusion filed after the close of the listing period .may be approved by the <br />Department of Revenue, the board of equalization and review, the board of county <br />commissioners, or the governing body of a municipality, as appropriate. An untimely application <br />for exemption or exclusion approved under this subdivision applies only to property taxes levied <br />by the county or municipality in the calendar year in which the untimely application is filed. <br />The three applicants are applying for homestead exclusion based on NCGS 105-277.1, which <br />allows exclusion of the greater of twenty-five thousand dollars ($25,000) or fifty percent (50%) <br />of the appraised value of the residence. <br />Based on the information supplied in the applications and the above referenced General <br />Statutes, the applicants can be approved for 201.1. The opinion of the Tax Administrator is the <br />information provided to date satisfies the good cause requirement of NCGS 105-282.1(a)(5) <br />and these properties should be approved for exclusion. <br />FINANCIAL IMPACT: The reduction in the County's tax base associated with approval of these <br />exemption applications will result in a reduction of FY 2011/2012 taxes due to the County, <br />municipalities, and special districts in the amount of $3,240.32. <br />RECOMMENDATION: The Manager recommends the Board approve the attached resolution <br />for the above listed applications for FY 2011/2012 exemption. <br />